PIMCO and Karara Capital have both lost mandates in a recent fixed interest review by the $2.4 billion Labour Union Cooperative and Retirement Fund (LUCRF).
Absolute Alpha to choose alternative beta provider
Institutional and retail hedge fund-of-funds manager Absolute Alpha will aim to make an ‘alternative beta’ allocation towards credit and fixed income arbitrage strategies before the new year, and has narrowed its search to a shortlist of two providers.
Nervous’ investors give K2 a 400% inflow spike
Newly-listed hedge fund manager K2 Asset Management had its biggest month ever in net inflows in November, but it has little if nothing to do with the November 29 float on the Australian Stock Exchange, according to K2 founder and managing director Campbell Neal.
Aurora closes raising for ETF number five
Listed investment trust manager Aurora Funds Management has closed the capital raising for its fifth exchange traded fund, slated to list before the end of December, after raising $20 million in six weeks from Australian and New Zealand-based retail investors.
AXA gives more custody to RBC Dexia
RBC Dexia Investor Services has won the custody contract for AXA’s new super and pensions platform, North.
Battles and big appointments the top stories of ’07
As I&T News closes for another year, tales of conflict and big name poaching proved once again to be the stories you loved to read.
Bank of America seeks head for new Aussie funds management office
Bank of America plans to open an Australian office, in Sydney, for the launch of its investment management arm.
Star appeal for refugees at Christmas
Ian Chappell and Jane Turner, two of the patrons of the refugee aid agency Australia for UNHCR, have launched a Christmas ‘Star Appeal’ for families in need.
Winners and losers over the next five years – Putnam Lovell
Traditional active funds management, where long-only equities and bond managers charge asset-based fees, will plummet to less than half of the total industry market over the next five years, according to a report from the advisory firm Putnam Lovell.
Intech completes shift to alternatives ahead of downturn
Intech has completed a major re-weighting of its investment trusts to alternatives with the introduction over recent months of six new strategies.
Pengana snares Deutsche man for property team
Pengana Capital has appointed Deutsche Bank’s former head of real estate investment banking to a newly-created role sitting between its property teams in Sydney and London.
Dying for a mandate? Cemetery has $80m up for grabs
The trustees of the Necropolis Springvale, administrators of three Victorian cemeteries, are seeking an implemented consultant to consolidate up to $80 million currently managed internally or by sector specialists.
